{"id":263,"date":"2014-10-20T10:54:57","date_gmt":"2014-10-20T10:54:57","guid":{"rendered":"http:\/\/olduvai.ca\/?p=263"},"modified":"2014-10-20T10:54:57","modified_gmt":"2014-10-20T10:54:57","slug":"wti-gains-for-third-day-as-iran-seeks-halt-to-price-drop-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=263","title":{"rendered":"WTI Gains for Third Day as Iran Seeks Halt to Price Drop &#8211; Bloomberg"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-10-20\/wti-crude-gains-for-a-third-day-as-iran-seeks-halt-to-price-drop.html\">WTI Gains for Third Day as Iran Seeks Halt to Price Drop &#8211; Bloomberg<\/a>.<\/p>\n<p>Brent crude traded for a fifth day close to a level that\u2019s prompting speculation that OPEC will respond by cutting supply. West Texas Intermediate, which fell into a bear market this month, extended a rally.<\/p>\n<p>Brent, the global benchmark, rose or fell through its closing level at least 12 times and was at $85.83 a barrel as of 11:13 a.m. WTI futures climbed as much as 0.9 percent to $83.48 a barrel in New York, having fallen as low as $79.78 on Oct. 16.<\/p>\n<p>Banks including BNP Paribas SA and Bank of America Corp. predict prices are near a floor, in part counting on the Organization of Petroleum Exporting Countries to reduce output. Goldman Sachs Group Inc. said Oct. 17 that a rout in oil had gone too far.\u00a0<a href=\"http:\/\/topics.bloomberg.com\/iran\/\">Iran<\/a>\u2019s President Hassan Rouhani instructed the oil ministry to use diplomacy to halt the slide, state-run Mehr news agency reported yesterday. Saudi Arabia and Kuwait started cutting output from a joint oil field on Oct. 16.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the link above for the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI Gains for Third Day as Iran Seeks Halt to Price Drop &#8211; Bloomberg. Brent crude traded for a fifth day close to a level that\u2019s prompting speculation that OPEC will respond by cutting supply. West Texas Intermediate, which fell into a bear market this month, extended a rally. Brent, the global benchmark, rose or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[184,441,588,594,600],"class_list":["post-263","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-crude-oil","tag-iran","tag-oil","tag-oil-prices","tag-opec"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=263"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/263\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}